insurance asking for home inspection report

[Fanatical Meat]

Asking for a home inspection is pretty normal

 

[Uppsala9496]

Well they called me back and said the only issue is the roof. Due to the info from the inspection on the roof they will only provide actual cash value and not replacement cost on the roof. What do you guys think about this? Seems like a bad deal for me. The roof is most likely what I would ever need to use insurance for. The roof is 12 years old but is in decent shape.

What's the cost difference for the other carriers that will offer replacement value?

ACV is not what you want on a roof, especially one that is 12 year old. They will take the actual cash value of a new roof and pro rate that price down for the age of your current roof (20 year life, less age of roof).

Not worth the savings in my opinion.

 

[KentState]

Just purchased a home and I paid for a home inspection for my own piece of mind, it was not required by either the bank or insurance company. However, the bank required an appraisal which is different, but like an inspection. Insurance based their coverage off the results of the appraisal.

Inspection = mechanical inspection of home
Appraisal = value inspection of home and comparables

 

[cbrsurfr]

Well they called me back and said the only issue is the roof. Due to the info from the inspection on the roof they will only provide actual cash value and not replacement cost on the roof. What do you guys think about this? Seems like a bad deal for me. The roof is most likely what I would ever need to use insurance for. The roof is 12 years old but is in decent shape.

I would keep shopping. I've owned several houses through 4 different insurance companies and I've never had to provide an inspection. An "inspection" through the ones I've worked with is some guy that does a drive by and/or walk around just to make sure the house is standing and matches what you provided them (# floors, garage space, fireplace, siding material, etc...). Also if they ask for any dates, do not provide them with any unless you yourself paid for the item in question. For example your basement floods and the carpet is ruined, it could be 2 years old or 10 years old. If you try and guess a date they will use that to try and screw you. If you say unknown but I bought the house in 2012 or whatever then they have to go off that.

I've had 2 roof claims, one of which was within 30 days of buying my first house from storm damage. I would not want to risk not being fully covered.